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GoldenGate-SVC@sardverb.com, Internet Explorer presents a security risk. Submitters are 7x more likely to receive a qualified connection. The investor group also includes StepStone Group. BayPine is a private investment firm that seeks to create lasting value for the firm's investors, portfolio companies and communities in which they operate by driving innovation, digital. By clicking Accept, you consent to the use of all strictly necessary cookies. The cookie is used to store the user consent for the cookies in the category "Performance". MSD Partners, Cumberland Associates, Harman International Industries, WR Hambrecht + Co., and Lazard Frres & Co. Together, we will endeavor to establish a true digital presence for the business and further Mavis reputation for offering high-quality, low-cost services to its deeply loyal customer base, said Tom ORourke, Managing Director at BayPine. Sign In. BOSTON--(BUSINESS WIRE)--BayPine LP (BayPine), a private investment firm that drives digital transformation in market-leading businesses, today announced the successful close of its inaugural private equity fund, BayPine Capital Partners Fund I (the Fund), at approximately $2.2 billion, exceeding its $2.0 billion target. BayPine acquired 2 companies. BayPine Portfolio Investments, BayPine Funds, BayPine Exits Marius Haas - Founding Partner @ BayPine - Crunchbase Person Profile Since 2015, the Company has added approximately 1,000 service centers to its growing network of stores. Mr. Haas has been a director since January 2018. 2. The principals of Bayline are two seasoned veterans of Bay Street that are well aware of the complexities of the capital markets. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. BayPine is a private investment firm that seeks to create lasting value for the firm's investors, portfolio companies and communities in which they operate by driving innovation, digital transformation and sustainable growth in market-leading businesses across traditional sectors of the economy. BayPine was formed in 2019 by Managing Partners David Roux, Co-Founder and former Co-CEO and Chairman of Silver Lake, and Anjan Mukherjee, former Senior Managing Director at Blackstone and Counselor to the Secretary and Deputy Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury. Primed by a vigorous deal environment, tech PE fundraising rose to dizzying heights in 2021, with 474 North American vehicles collecting an all-time high of $227bn, according to Buyouts data. Sources. Boston-based private equity firm BayPine LP has raised at least $1.1 billion for an initial closing on its first-ever fund, according to a person familiar with the firm's operations, with an. Everberg Capital provides preferred equity to support BayPine and Two Use tab to navigate through the menu items. Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. This cookie is set by GDPR Cookie Consent plugin. BayPine, a hot new name in tech private equity, raises $1.5bn for Fund I By leveraging BayPines digital transformation and technology expertise, we believe there is a significant opportunity to enhance Mavis customer experience, capture operating efficiencies, and bolster the Companys position as the go-to brand for auto care nationwide. Headquartered in Boston, BayPine was founded by a team of accomplished investors and senior executives who have a shared passion for building enduring companies. Boston private equity firm BayPine raises $1.1B - Boston Business Journal Pinnacle Dermatology Management, a portfolio company of BayPine and the largest multi-state female-founded dermatology management []. Nathaniel Garnick/Sam Fisher BayPine is uniquely focused on driving value through innovation. Mavis Tire Express Services, based in Millwood, New York, is one of the largest independent tire and service providers in the United States, with more than 1,100 service centers across 27 states. BayPine was founded in 2020 to invest in tech disruption in traditional sectors of the economy. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. BayPine is uniquely focused on driving value through innovation. Emerging managers monitor: Tracking new fund formation. View all fund histories. Digital transformation specialist BayPine closed its inaugural private equity fund at approximately $2.2 billion, bringing the firms assets under management to $3 billion in aggregate due to co-investment capital. Sard Verbinnen & Co Most recently, he was the Chief Financial Officer of Declaration Partners, a nd prior to that, he was a Partner and Managing Director at Pine Brook Partners, a New York-based growth equity firm where he oversaw the firm's finance, operations and compliance functions. Sehen Sie sich das Profil von Vincent Krmer im grten Business-Netzwerk der Welt an. You should only be asked to sign in once. It does not store any personal data. BayPine | LinkedIn Kirkland & Ellis LLP and Ropes & Gray LLP are acting as legal counsel to the investor group. You will be notified in advance of any changes in rate or terms. Status. Fund. Josh Cohen, a Managing Director at Golden Gate Capital, said, We are grateful for our successful partnership with David and Stephen Sorbaro and the dedication of the entire Mavis Express organization. Jefferies acted as sole financial advisor to Mavis. Amount. It prefers in majority stakes. BayPine has 2 team members, including current Founding Partner, Brian Frank. This tectonic shift creates unique challenges, but also unprecedented opportunities for companies to harness the power of modern digital technology to transform their businesses. Since its founding in 1987, TSG has been an active investor in the automotive, food, beverage, restaurant, fitness, beauty, personal care, household, apparel & accessories, and e-commerce sectors. BayPine Capital Partners Fund I. These cookies ensure basic functionalities and security features of the website, anonymously. But opting out of some of these cookies may affect your browsing experience. Learn more. Fund Type. Real Estate & Homes For Sale - 2386 Homes For Sale | Zillow Customer Service. Customer Service. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Vincent Krmer und Jobs bei hnlichen Unternehmen erfahren. Win whats next. BayPine Capital Partners Fund I's limited partners include public and private pension plans, sovereign wealth funds, endowments and foundations, insurance companies, family offices and high-net worth . The Fund is approximately one-third invested across three investments, including Penn Foster, a pioneering workforce development and online vocational skills company, Mavis Tire Express Services, a leading aftermarket tire and automotive service provider, and Pinnacle Dermatology, one of the largest dermatology management services organizations in the United States. BayPine - Crunchbase Investor Profile & Investments BOSTON & SAN FRANCISCO & MILLWOOD, N.Y.--(BUSINESS WIRE)--An investor group led by BayPine LP (BayPine), in partnership with TSG Consumer Partners LP (TSG) and existing significant equity-holder West First Management (WFM), a holding company controlled by David and Stephen Sorbaro, today announced they have entered into a definitive agreement to acquire Mavis Tire Express Services Corp. (Mavis or the Company), one of the largest independent automotive service platforms in the United States. Investor Group Led by BayPine, in Partnership with TSG Consumer Partners, to Acquire Mavis Tire Express Services Mar 05, 2021 READ ARTICLE BayPine LP Selects SAP as Innovation Partner Mar 01, 2021 READ ARTICLE Penn Foster Secures Investment to Accelerate Pairing of Data Science with Skills-Based Digital Learning Jan 21, 2021 READ ARTICLE Investor Group Led by BayPine, in Partnership with TSG Consumer BayPine LP Selects SAP as Innovation Partner. For more information, visit tsgconsumer.com. BayPine Capital Partners Fund I is roughly one-third invested across three investments: Penn Foster, a pioneering workforce development and online vocational skills company; Mavis Tire Express Services, a leading aftermarket tire and automotive service provider; and Pinnacle Dermatology, one of the largest dermatology management services organizations in the United States. BayPine LP, which was co-founded by Silver Lake co-founder David Roux, has rounded up at least $1.1 billion in an initial closing on its debut fund, putting the fund more than halfway to a $2 billion goal, according to people familiar with the offering. The principals of Bayline are two seasoned veterans of Bay Street that are well aware of the complexities of the capital markets. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Please check your spam or junk folder just in case. We use cookies on our website to provide necessary functions. The fund is based in Boston, Massachusetts. This tectonic shift creates unique challenges, but also unprecedented opportunities for companies to harness the power of modern digital technology to transform their businesses., Mukherjee added, The investments we have made to date and their success since are illustrative of our digital alpha strategy, and we look forward to continuing to execute on a robust pipeline of opportunities as the partner of choice to management teams seeking to create value for their stakeholders through the effective application of technology., Sign up for your FREE daily alts news briefing, 2019-2022, All Rights Reserved | BMV Digital, Start your days in the know with our free newsletter. Importantly, our tradition of Value Oriented Service remains unwavering as we scale the Mavis platform. Responsible for a diverse infrastructure and renewable . BayPine has 2 strategic partners and customers. March 2 (Reuters) - BayPine LP is in the lead to acquire Mavis Tire Express Services Corp for more than $6 billion, including debt, in what would be the private equity firm's biggest ever deal . Founded in 1972 by the Sorbaro family, and with roots dating back to 1949, Mavis is a leading independent tire dealer and automotive aftermarket service provider with more than 1,100 service centers primarily in the Northeast, Midwest and Southern United States. We seek to decouple success from speed. Edit Lists Featuring This Company Section, BayPine raises billions for focus on digital transformation, BayPine closes inaugural PE fund on $2.2bn, United States Investors with Funds Raised in 2022, Private Equity Stage Investors with Investments in Northeastern US, Investors Active in United States (Top 10K). BayPine Exceeds Target for Inaugural Private Equity Fund and Raises The firm also secured invested capital from co-investors, bringing its spending power up to $3 billion, the firm said in a statement. BayPine Capital - Overview, News & Competitors | ZoomInfo.com (3 minutes) BayPine LP, which was co-founded by Silver Lake co-founder David Roux, has rounded up at least $1.1 billion in an initial closing on its debut fund, putting the fund more than halfway. (if applicable) for The Wall Street Journal. Closing Date. You may cancel your subscription at anytime by calling Mavis has established itself as a leading national automotive services platform with a longstanding reputation for providing customers with exceptional service, said Bill Cooling, Managing Director at TSG. Cosmetics, IT Cosmetics, Planet Fitness, popchips, Power Stop, REVOLVE, Smashbox Cosmetics, Stumptown, thinkThin and vitaminwater. We support existing management teams with veteran operating professionals who have the proven business transformation capabilities and digital acumen necessary to fuel growth. Its top principals are managing partner David Roux, a founder and former co-CEO and chairman of Silver Lake, and managing partner Anjan Mukherjee, an ex-senior managing director with Blackstone. Jonathan Gasthalter/Nathaniel Garnick Mr. Haas served as President and Chief Commercial Officer of Dell EMC from September 2016 to February 2020 and previously was Chief Commercial Officer and President of Enterprise Solutions for Dell Inc. from Dont Be So Sure, WSJ Opinion: Feeling Lucky, Democrats Back Non-Compos Presidential Politics, What the FDIC Does to Protect Deposits When Banks Fail, JPMorgan Buys First Republic Bank in Second-Largest U.S. Bank Failure, The Hidden iPhone Setting Thieves Use to Lock People Out of Apple Accounts. We are not afraid to be patient and invest behind long-term value creation initiatives for the benefit of our companies and investors. This cookie is set by GDPR Cookie Consent plugin. Only logged in subscribers of this site will be able to access the shared article. Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. Rob Jackowitz - Partner and Chief Financial Officer - BayPine | LinkedIn BayPine and TSG to Accelerate Mavis Digital Transformation and Bolster Industry-Leading Products and Services, Golden Gate Capital to Remain Minority Investor in Company. Julie Rudnick/Kevin Siegel We are delighted that you'd like to resume your subscription. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. We are thrilled to leverage our consumer expertise to support David, Stephen and the entire Mavis team as the Company looks to capitalize on a number of exciting growth opportunities, including expanding its geographic footprint and increasing its digital capabilities, added Pierre LeComte, Managing Director at TSG. You may change your billing preferences at any time in the Customer Center or call BOSTON--(BUSINESS WIRE)--BayPine LP ("BayPine"), a private investment firm that drives digital transformation in market-leading businesses, today announced the successful close of its inaugural private equity fund, BayPine Capital Partners Fund I (the "Fund"), at approximately $2.2 billion, exceeding its $2.0 billion target.The Fund's capital, together with the invested capital of co . BayPine Exceeds Target for Inaugural Private Equity Fund and Raises For more information about BayPine, please visit www.baypine.com. here to register, Not for publication, email or dissemination, Kian Capital drives to the finish line with a $400m close for its third fund, In year of uncertainty, CalSTRS considers boosting PE target, American Industrial Partners sets $5bn target for latest flagship, STRS Ohio selects Callan as its new alternative investments consultant, Emerging managers well positioned for exits in next few years, The challenge of VC access and the SVB fund of funds sale, TAs Select Opportunities fundraising pause and what it means for PE. Mr. Roux said, In our view, the largest technology trend of our generation is the digitization of the entire economy, impacting all businesses globally. Certain statements herein about BayPine made by David Sorbaro (Mr. BayPine recently partnered with SAP on March 3, 2021. To view BayPine Capital Partners Fund Is complete investments history, request access, To view BayPine Capital Partners Fund Is complete team members history, request access, Youre viewing 5 of 63 funds. By continuing to use this site you are consenting to these choices. Many recognize the opportunities of the new economy but lack the know-how required to drive change. Capital Markets Advisory | Bayline Capital Partners | Toronto The firms strategy seeks to instill durable core-economy companies with the execution speed, innovation mindset and technology infrastructure of leading new economy businesses. Pinnacle Dermatologys Acquisition of Tru-Skin Dermatology, Parallel Advisors Partners with Golden Gate Capital on Recapitalization Strategic Investment by Golden Gate Capital Will Accelerate Organic Growth and M&A Strategy, Including Acquisition of AUTUS Asset Management Acquisition of AUTUS Creates Leading RIA Firm With Approximately $5.7 Billion in Assets Under Management, Nassau Financial Group Closes Strategic Transaction and Capital Raise Nassau increases its capital by $300 million and AUM by $3.6 billion Angel Island Capital merges into Nassaus Asset Management segment Expands Nassaus asset management capabilities and accelerates Angel Islands growth strategy, LiveVox Names John DiLullo Chief Executive Officer Louis Summe to Transition to Vice Chairman on LiveVox Board Provides Preliminary Third Quarter 2022 Financial Results and Updated Full Year 2022 Guidance, BayPine raises billions for focus on digital transformation.
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